Transnational Financial Network Inc. (TFNI) has executed a letter of intent to acquire AMC Mortgage for up to one million shares of TFNI common stock when the earn-out provision is achieved.
AMC currently generates in excess of $130 million in annual mortgage originations and will continue to be managed by its current principal owner, Darryl Crawford, after the acquisition is completed.
San Francisco-based TNFI is a wholesale and retail mortgage banking firm. For more information, call (888) 229-2344 or visit www.transnational.com.
AMC Mortgage is a mortgage banking company based in Austin, Texas. For more information, call (800) 806-5999 or visit www.mortgagefinancer.com.